Arizona Housing Inc

Analysis

Arizona Housing Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arizona Housing Inc reported income of $6.7m and spending of $5.6m, spending 84% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $3.3m to $6.7m (+102%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arizona Housing Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Tenemos Que Reclamar Y Unidos Salvar LA Tierra-South LA ($6.7m), Downstreet Housing & Community Development Inc ($6.7m) and Rodeo Senior Apartments Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $259k (4.6% of expenses). Other salaries and wages came to $546k. At year end it held assets of $28.1m against liabilities of $1.3m, net assets of $26.8m. It reported 15 employees.